How much depreciation expense must be recorded by coy for, Ask an Expert

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Q1) Freedom Co. bought new machine on July 2, 2008, at total installed cost of 44,000. Machine has estimated life of 5 yrs and estimated salvage value of 6,000. How much depreciation expense must be recorded by coy for its fiscal year ended Dec31, 2008, under each of three methods? The machine will have been utilized for one-half of its first year of life.

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Category:- Accounting Basics
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